- Escalating tax debts rumoured
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30 August 2010 6:30amRumours of a blowout in small business tax debts get an airing in The Australian today. » read more »
- Bank profits not so super
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30 August 2010 6:28amBank profits in Australia fell five per cent to $17.5 billion in the year to March 2010, the latest overview of the financial performance of the sector published by APRA shows. » read more »
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ANZ slims further in NZ
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30 August 2010 6:28amA surge in other operating income and a small rise in the impairment provision led to improvement in ANZ National’s profitability in New Zealand in the recent quarter. » read more »
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ANZN staff spurn pay offer
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30 August 2010 6:27amWestpac’s pay rise offer has been accepted by Finsec members working at the bank in New Zealand but ANZ National’s proposed increase has been rejected and a protest has been planned. » read more »
- Snowball in the pink at Suncorp
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30 August 2010 6:27amSuncorp Metway chief executive Patrick Snowball is the subject of a pretty mild news features in the Courier Mail today. » read more »
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Debut dividend for Customers
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27 August 2010 6:25amATM operator Customers Limited yesterday declared its debut dividend of eight cents a share, one of the fruits of the shift in the fee regime that applies to the use of automatic teller machines. » read more »
- Cabcharge losing market share
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27 August 2010 6:25amThe emergence of alternative payment mechanisms for the taxi industry may be chipping away at the turnover and profits of Cabcharge, the firm that once held a stranglehold on this service. » read more »
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Macquarie upsizes RMBS
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27 August 2010 6:25amMacquarie Securitisation has increased the size of its latest bond issue, Puma Masterfund P-16, from $500 million to $750 million. Price is between 60 and 115 basis points over the 30-day bank bill swap rate on those tranches where pricing was disclosed. » read more »
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Suncorp banking result flat
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26 August 2010 6:44amThe performance of Suncorp’s banking division in the 2009/10 financial year was clouded by the separation of its lending portfolios into core and non-core lines. The non-core bank holds corporate and property loans and lease finance and is in run-off. » read more »
- Mortgage Choice looks to higher commissions
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26 August 2010 6:43amA slowdown in lending growth, tighter commission rates and only a modest expansion of the franchise network were the ingredients for a 12.5 per cent fall in earnings for broker franchise operator Mortgage Choice in the year to June.
» read more »
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Capital targets lifted at The Rock
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26 August 2010 6:43amThe Rock Building Society is targeting a higher minimum capital ratio than previously, annual financial statements released yesterday show. The Rock will now target a minimum ratio of 12 per cent, with new policies that require “reporting to the board and APRA” if the ratio falls below this level, according to the annual report. » read more »
